He Xiangjian & family
Home appliances · Foshan, Guangdong
Net worth
$38.3B
Today
−$260M−0.68%Past month
+$1.4B+3.90%As of Nov 11, 2026, 1:50 PM EST
Entrepreneur He Xiangjian built Midea Group into one of the world's largest appliance makers. In 1968, He led a group of 23 residents from the town of Beijiao in Guangdong province to form a lid production workshop that became Midea. It trades in both Shenzhen and Hong Kong. Midea Group took German robotics firm Kuka private from the Frankfurt Stock Exchange in 2022 and became its sole owner. He stepped down as chairman of Midea Group in 2012. His son He Jianfeng is a director of Hong Kong-listed Midea Real Estate Holding. The younger He also owns sizable stakes in Shenzhen-listed environmental equipment maker Infore Environment Technology Group and film production company Beijing Baination Pictures.
Net worth over time
Principal holdings
5 positions| Company | Industry | Share | Value |
|---|---|---|---|
Midea Group Co. Ltd. SHENZHEN: 000333-CN | Manufacturing | 76.4% | $29.2B |
Private and other holdings | Manufacturing | 19.8% | $7.6B |
Infore Environment Technology Group SHENZHEN: 000967-CN | Manufacturing | 2.2% | $830M |
Midea Real Estate Holding Limited HONG KONG: 3990-HK | Manufacturing | 0.9% | $336M |
Beijing HualuBaina Film & TV SHENZHEN: 300291-CN | Manufacturing | 0.8% | $297M |
Also known for
- In 2023, He pledged to donate $410 million to set up a fund supporting scientific research in China.